Business Control Form

BUSINESS CONTROL FORM

This Business Control Agreement is made and entered into as of Effective Date: by and between Company Name: and Service Provider Name: . The parties agree to allocate and maintain the controls described in this form to manage operational, financial, and information integrity risks.

WHEREAS

WHEREAS, Company Name: conducts business operations that require defined internal controls and oversight; and

WHEREAS, Service Provider Name: will provide specified services and accept responsibilities for control implementation and monitoring as set forth herein; and

WHEREAS, the parties desire to document the scope of controls, reporting obligations, and allocation of authority to ensure accurate financial reporting, compliance with applicable law, and the protection of company assets.

SCOPE OF WORK

CONTROL MATRIX & REQUIREMENTS

The following control activities shall be established, maintained and documented by the responsible party listed. Each control must include evidence of operation and periodic verification.

Access Management    Change Management    Segregation of Duties    Transaction Authorization    Reconciliation & Monitoring

PAYMENT TERMS

Compensation for services and administrative activities relating to control implementation shall be as follows.

TERM AND TERMINATION

Term Commencement Date: . Term Expiration Date: . Either party may terminate this Agreement for convenience upon written Notice Period (days): days prior to termination.

Termination for cause is permitted where a material breach has not been cured within thirty (30) days after receipt of written notice, or immediately where required by applicable law. Upon termination, the parties shall cooperate to transfer control documentation, access revocations, and final reconciliations within thirty (30) calendar days unless otherwise agreed in writing.

CONFIDENTIALITY

Each party acknowledges that in the course of performance it may receive Confidential Information. Confidential Information means all non-public business, technical, financial or operational information disclosed orally, in writing, or electronically. Receiving Party shall (a) use Confidential Information only for the purposes of performing obligations under this Agreement, (b) restrict disclosure to employees or contractors who have a need to know and are bound by confidentiality obligations no less restrictive than those herein, and (c) implement reasonable safeguards to prevent unauthorized use or disclosure.

Confidential Information does not include information that is (i) or becomes generally available to the public other than by breach of this Agreement, (ii) is rightfully received from a third party without restriction, (iii) is independently developed without use of the disclosing party's Confidential Information, or (iv) is required to be disclosed by law, provided the receiving party gives prompt written notice to the disclosing party where practicable and limits disclosure to the extent required.

AUDIT RIGHTS AND REPORTING

Company shall have the right, upon reasonable notice and during normal business hours, to audit and inspect control implementation, records, and evidence of control performance. Service Provider shall provide timely access to records, personnel, and systems required to validate adherence to agreed controls. Audit findings shall be remediated according to an agreed remediation plan and timeframe.

COMPLIANCE; REPRESENTATIONS

Each party represents and warrants that it has the authority to enter into this Agreement and will comply with all applicable laws and regulations in the performance of its obligations. Service Provider represents that it maintains industry-standard policies and procedures to maintain control integrity and will notify Company promptly of any actual or suspected control failures, unauthorized disclosure, or incidents materially affecting Company operations.

GOVERNING LAW

This Agreement shall be governed by and construed in accordance with the laws of the State of without regard to its conflict of law principles.

ENTIRE AGREEMENT

This document, together with any attachments or schedules signed by the parties, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior oral or written agreements, understandings, and communications. No amendment or waiver of any provision shall be effective unless in writing and signed by both parties.

ACKNOWLEDGMENT AND CERTIFICATION

The undersigned certify that they are duly authorized to bind their respective parties, that the controls described herein will be implemented and monitored as stated, and that required documentation and evidence will be retained for audit purposes.

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